AILET 2016 BA LLB Question Paper with answer key for online practice

Question : 115 of 150

Marks: +1, -0

Banker : By transferring income to a retirement account at our bank, people can save money by delaying payment of taxes.
Accountant: That plan won’t actually save money because the taxes will have to be paid sometime in the future when the money is withdrawn.
Which one of the following best explains the conflict between the Banker and the Accountant ?

The Banker is primarily concerned with recruiting new customers for the bank but the Accountant is not.
The Accountant misunderstands the application of the tax laws.
The Banker and the Accountant disagree on the application of the term “save”.
Retirement accounts are nothing more than a tax shelter, which the Parliament intends to cut out of next year’s tax amendment

Validate

Go to Question:

Prev Question

Next Question